New £10 note: When does the old ten pound banknote expire?

1 London

London News & Search

1 News - 1 eMovies - 1 eMusic - 1 eBooks - 1 Search

Britain’s new plastic £10 note featuring a portrait of author Jane Austen enters circulation today.

The new-design polymer tenners, which have raised dots to help blind and partially sighted people, follows the introduction of the new £5 notes one year ago.

The current £10 note’s picture of Charles Darwin is being replaced with that of Pride and Prejudice author Jane Austen.

This is what you need to know about when the old notes will expire.

Can I still use the old £10 notes?

Yes, for a limited time. During a period of dual circulation, both the old-fashioned and the new tenners will be accepted by retailers and businesses.

The new notes ready to enter circulation. (PA)

Gradually, these notes will be withdrawn from circulation as they are banked.

When can I no longer use the old notes?

The old note will be withdrawn from circulation in spring 2018.

New £10 note: All you need to know

No date has yet been set, but the Bank of England said people will be told at least three months before expiration.

To give an idea of a likely date, the new £5 note was introduced on September 13, 2016 – nearly one year to today’s release – and the old fiver went out of circulation on Friday, May 5 this year.

Genuine Bank of England banknotes which have been withdrawn from circulation will retain their face value “for all time” and can be exchanged at the bank.

1 London

London News & Search

1 News - 1 eMovies - 1 eMusic - 1 eBooks - 1 Search



Leave a Reply